Скачать или смотреть Trade With Russia: EU and India on Similar Levels Amid Global Tensions

In this compelling YouTube Short, we explore the intricate dynamics of bilateral trade with Russia, focusing on the European Union and India. As of 2024, both regions showcased strikingly similar levels of trade with Russia, yet their journeys have been vastly different in the wake of geopolitical tensions.

Following the invasion of Ukraine, the European Union's trade with Russia saw a significant decline, dwindling to about a quarter of its previous volume. This drop highlights the EU's efforts to distance itself from Russian imports, particularly in the fossil fuel sector. In stark contrast, India's trade trajectory with Russia has soared, driven largely by the purchase of discounted Russian oil. This shift has allowed India to leverage its position in the global market, enhancing its trade relationship with Russia despite international scrutiny.

Amid these developments, India's foreign ministry has called for fair treatment in light of U.S. trade policies. The EU has made strides by negotiating a trade deal that reduces tariffs on its goods to 15 percent, albeit with some concessions. Meanwhile, India faces a looming general tariff rate of 25 percent and threats from the U.S. of additional tariffs due to its Russian oil purchases. This situation raises questions about the balance of international trade practices and how nations navigate their interests in a complex global landscape.

The debate continues as critics argue that the EU has not sufficiently reduced its dependency on Russian imports, while others contend that India is making pragmatic choices for its citizens. As we delve into these topics, we invite you to share your thoughts. Do you think countries should prioritize national interests or adhere to international pressures? How do you view the future of trade relationships in light of these geopolitical challenges?

#TradeWithRussia #EUBilateralTrade #IndiaRussiaRelations, 'annotations': []

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Statista Link: https://www.statista.com/chart/34940/...
Publication Date: 6 August 2025 #shorts